Skip to main content

About your Search

20130121
20130129
SHOW
STATION
CNBC 2
LANGUAGE
Search Results 0 to 1 of about 2
CNBC
Jan 25, 2013 3:00pm EST
mark all day today. looking to close above it for the first time in more than five years. meanwhile jim paulson from wells capital management is still looking for the extra reach. a high of 1700 this year. what would be behind that bullish call we asked? >> okay. let's ask him. we've got a lineup of market pros. in today's closing bell exchange jim foalson is joining us once again. larry blazer, and jonathan corpina. quite a lineup. jim, we were just mentioning your name a moment ago. you get to go first. what is behind your call? >> i think the biggest driving force is that the growth rate not only in the united states but around the globe is turning out to be better than expected. we came into this year expecting 2% growth for the united states. i really think we'll end up closer to three. china is coming back to life. europe is calming down. we've got a lot of positive economic momentum. and in addition to that, you got confidence at five-year highs and people are starting to settle down and think maybe this is going to be a multiple year recovery so they can increase their valuation
CNBC
Jan 23, 2013 3:00pm EST
. >> michael pento with us and jim bianco of bianco research and robert zagunis from oregon, jensen management, and thanks so much for joining us. michael, i have to start with you. you've been 50% in cash all this time, and we ear setting these highs. >> sorry. in january we went almost 90% long in stocks. and enjoying this right up and i'll tell you why. money supply is growing at a 10% annualized rate, up 8.9% year over year. where is the money going to go? not in the bond market. going to the stock market. the republicans are incapable of embracing austerity. the government is borrowing the fed's money into existence, and it's driving another bubble in stock prices, what a surprise. >> all of which were the reasons why you were staying away from the market so now you're throwing in the towel on the political agenda. >> it wasn't so much driven into investors' heads that congress was incapable of embracing austerity. now we know. look, the sequestration was supposed to happen january 1st. punt on that one. debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >>
Search Results 0 to 1 of about 2